Latest news with #DannyVena
Yahoo
14-05-2025
- Business
- Yahoo
Two Key Developments Sparked a Rally for Nvidia Stock on Tuesday
Nvidia investors have been concerned about the state of AI adoption. Two announcements over the past 24 hours suggest that the secular tailwinds remain strong. Nvidia stock is still attractively priced. These 10 stocks could mint the next wave of millionaires › Shares of Nvidia (NASDAQ: NVDA) were off to the races on Tuesday, climbing as much as 6.4%. As of 11:35 a.m. ET, the stock was still up 5.6%. The catalyst that sent the artificial intelligence (AI) chipmaker higher was news that the company could gain greater access to two important markets. A story broke late Monday that the Trump administration was considering a deal that would involve a large-scale sale of AI-centric chips to G42, a company located in the United Arab Emirates, according to a report in The New York Times. The deal could send hundreds of thousands of graphics processing units (GPUs) to the Emirati AI specialist and its U.S. partner, OpenAI. Then, less than 24 hours later, Nvidia announced a strategic partnership with Saudi Arabian company Humain to sell more than 18,000 AI-centric chips. These state-of-the-art GB300 Blackwell chips will power a 500-megawatt data center in the Middle Eastern country. These reports come on the heels of the Trump administration's decision to rescind the so-called AI Diffusion Rule, which would have limited the sale of Nvidia's most advanced processors in the region. Investors have been concerned that stricter controls on the sale of GPUs to companies outside the U.S. would hamstring Nvidia, casting doubt on the company's potential for future growth. The willingness of the Trump administration to revise these rules seems like it is opening up new opportunities for Nvidia. And at just 29 times next year's expected earnings, Nvidia stock is attractively priced. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $318,970!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $40,016!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $598,613!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join , and there may not be another chance like this anytime soon.*Stock Advisor returns as of May 12, 2025 Danny Vena has positions in Nvidia. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a disclosure policy. Two Key Developments Sparked a Rally for Nvidia Stock on Tuesday was originally published by The Motley Fool
Yahoo
01-05-2025
- Business
- Yahoo
Why Okta Stock Barreled Higher Tuesday Morning
Shares of Okta (NASDAQ: OKTA) charged out of the gate Tuesday, gaining as much as 8.9%. As of 2:13 p.m. ET, the stock was still up 8.2%. The catalyst that sent the cybersecurity specialist higher was word that its stock would be added to a premier index early next month. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » In a press release that dropped after the market close yesterday, S&P Global announced that Okta would be added to the S&P MidCap 400 index prior to the start of trading on Thursday, May 1. The stock will be replacing Berry Global Group. Late last year, S&P 500 member company Amcor announced its intention to acquire Berry in a deal valued at $13 billion. The combination got the blessing of regulators and approval from shareholders in March, and the deal is expected to close by mid-2025. The merger will effectively remove Berry from the index, so S&P Global was being proactive. While it won't have any impact on Okta's financial or operating results, it's generally a positive development when a stock is added to an index. The move increases demand for the shares from index funds, as well as from institutional and passive investors, as they purchase the stock to match the composition of the index in question. This, in turn, puts upward pressure on the stock price -- at least in the short term. Okta has been in the midst of a turnaround, and the company's fiscal 2025 fourth-quarter results were promising. Revenue of $682 million climbed 13% year over year, while its adjusted earnings per share (EPS) of $0.78 jumped 24%. The company easily surpassed analysts' consensus estimates on both counts. Perhaps more promising was management's guidance for 2026 revenue of roughly $2.855 billion and adjusted EPS of $3.17, both at the midpoint of Okta's guidance. Both were ahead of Wall Street's expectations. After a high-profile security breach derailed the company's progress, Okta appears to be back on track, giving shareholders a boost of confidence in the process. Before you buy stock in Okta, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Okta wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $598,818!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $666,416!* Now, it's worth noting Stock Advisor's total average return is 872% — a market-crushing outperformance compared to 160% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 28, 2025 Danny Vena has positions in Okta. The Motley Fool has positions in and recommends Amcor Plc, Okta, and S&P Global. The Motley Fool has a disclosure policy. Why Okta Stock Barreled Higher Tuesday Morning was originally published by The Motley Fool
Yahoo
15-04-2025
- Business
- Yahoo
Why Netflix Stock Barreled Higher on Tuesday
Shares of Netflix (NASDAQ: NFLX) charged sharply higher on Tuesday, surging as much as 6.7%. As of 2:49 p.m. ET, the stock was still up 5.5%. The catalyst that propelled the streaming pioneer higher was a report that suggested the company has its sights set on impressive growth over the next five years. Netflix, which has already been one of the stock market's star performers over the past couple of years, has ambitious goals for the future. The company generated revenue of $39 billion in 2024 but has plans to double its top line to $78 billion by 2030, according to a report in The Wall Street Journal. Management announced a multipronged plan to achieve this goal. Netflix is working to boost subscriptions in the company's overseas markets, with an emphasis on areas with high broadband penetration, including Brazil and India, among others. Netflix closed out last year with more than 301 million subscribers and plans to reach 410 million by the end of the decade. The company also wants to generate $9 billion in ad sales over the coming five years. Netflix previously announced that its ad-supported tier had reached 70 million users. In the fourth quarter, signups for that plan increased 30% quarter over quarter and represented 55% of new subscribers in the countries where advertising is shown. Perhaps most ambitiously, management has a goal of tripling Netflix's operating income by 2030, to more than $31 billion, up from $10.4 billion in 2024. Netflix currently has a market cap of roughly $419 billion (as of this writing) but wants to achieve a market cap of $1 trillion by 2030. The company currently sports a price-to-sales (P/S) ratio of roughly 11. If its P/S remains constant and Netflix achieves its lofty top- and bottom-line growth goals, membership in the $1 trillion club is clearly within its grasp. Of course, a lot of things will have to go right for Netflix to reach this benchmark, but given the company's track record of performance, it certainly seems like an attainable goal. Before you buy stock in Netflix, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Netflix wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $502,231!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $678,552!* Now, it's worth noting Stock Advisor's total average return is 800% — a market-crushing outperformance compared to 156% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of April 14, 2025 Danny Vena has positions in Netflix. The Motley Fool has positions in and recommends Netflix. The Motley Fool has a disclosure policy. Why Netflix Stock Barreled Higher on Tuesday was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
26-03-2025
- Business
- Yahoo
Why Palantir Technologies Stock Rallied on Monday
Palantir Technologies (NASDAQ: PLTR) stock charged higher on Monday, climbing as much as 7.1%. As of 2:03 p.m. ET, the stock was still up 5%. The catalyst that sent the artificial intelligence (AI) software and data mining specialist higher was its addition to an elite group of stocks. The S&P 500 (SNPINDEX: ^GSPC) is the most widely acknowledged benchmark for the U.S. stock market, consisting of the 500 biggest companies in the country. The S&P 100 is a subset of those stocks, made up of the 100 largest companies in the index. Palantir joined the ranks of this elite group on Monday to coincide with indexes' quarterly rebalancing. While this might seem much ado about nothing, there are certain benefits to being admitted to the benchmark. The move will likely attract the attention of hedge funds and institutional investors, generating additional demand for the stock. Furthermore, exchange-traded funds (ETFs) that track the index will be forced to buy shares of Palantir, as their holdings mirror that of the index. On the other hand, any so-called "index effect," which boosts the stock price over the short term, tends to diminish over time as investors focus on revenue growth and profitability. Palantir continues to make impressive strides in that department. In the fourth quarter, revenue of $828 million grew 36% year over year, while its adjusted earnings per share (EPS) of $0.14 surged 75%. The impressive growth was fueled by a rapid increase in customers and robust demand for the company's Artificial Intelligence Platform (AIP), which uses company-specific data to help management make data-driven decisions. If there's one drawback associated with Palantir, it would have to be the company's valuation, which isn't for the faint of heart. It currently sells for 171 times forward earnings and 47 times forward sales, so Palantir isn't cheap. That said, the stock's recent decline brought its forward price/earnings-to-growth (PEG) ratio -- which factors in the company's impressive growth -- to 0.9, when any number less than 1 suggests a stock that is fairly valued. Given the recent sell-off and strong runway for growth ahead, it might finally be time to start looking at Palantir. Before you buy stock in Palantir Technologies, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Palantir Technologies wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $721,394!* Now, it's worth noting Stock Advisor's total average return is 839% — a market-crushing outperformance compared to 164% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of March 24, 2025 Danny Vena has positions in Palantir Technologies. The Motley Fool has positions in and recommends Palantir Technologies. The Motley Fool has a disclosure policy. Why Palantir Technologies Stock Rallied on Monday was originally published by The Motley Fool Sign in to access your portfolio
Yahoo
28-02-2025
- Business
- Yahoo
Why Nvidia Stock Rallied Wednesday Ahead of Its Important Financial Report
Shares of Nvidia (NASDAQ: NVDA) gained ground on Wednesday, climbing as much as 5.6%. As of 11:37 a.m. ET, the stock was up 4.5%. The catalyst that sent the artificial intelligence (AI) chipmaker higher was a report that suggested demand remained high for the company's processors in an important market. One of the biggest developments for the chipmaker in recent months was the release of a next-generation AI model from start-up DeepSeek in China. The system was reportedly developed for a much lower cost than existing models. Some investors jumped to the conclusion that this would result in lower demand for Nvidia's cutting-edge AI processors, sending its stock swooning. A report from Reuters today suggested that orders for Nvidia's H20 chips jumped as some of the biggest companies in China scramble to increase their AI offerings. The report named Tencent (OTC: TCEHY), Alibaba (NYSE: BABA), and TikTok owner ByteDance as companies that have "significantly increased" orders of Nvidia's H20 chip, which was developed to meet U.S. export restrictions to the Chinese market. Not only are these companies among the biggest users of AI in that country, but they are also among the most widely used cloud infrastructure providers in China, suggesting demand for Nvidia's chips remains strong. This is a big day for Nvidia investors. The company is scheduled to release the results of its fiscal 2025 fourth quarter (ended Jan. 26) after the market close today. The results, as well as management's commentary during the earnings call with analysts, will provide investors with the latest insights into the continuing demand for AI and -- more specifically -- demand for Nvidia's recently released AI-centric Blackwell processor. Management has forecast revenue growth of about 70% year over year, while analysts' consensus estimate is calling for roughly 73% growth in the quarter. Even after notching gains of 448% over the past three years, Nvidia stock is still reasonably priced, selling for less than 30 times next year's earnings estimates. That could change after Nvidia reports today. Stay tuned. Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $328,354!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $46,837!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $527,017!* Right now, we're issuing 'Double Down' alerts for three incredible companies, and there may not be another chance like this anytime soon.*Stock Advisor returns as of February 24, 2025 Danny Vena has positions in Nvidia and Tencent. The Motley Fool has positions in and recommends Nvidia and Tencent. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. Why Nvidia Stock Rallied Wednesday Ahead of Its Important Financial Report was originally published by The Motley Fool
